Umpqua Bank CD Rates

May 26, 2011

This is a new bank that we haven’t looked at before, but which has some top CD interest rates worth considering in today’s low-return, competitive market. Umpqua Bank is located in Oregon and has branches in many areas of the state. The bank offers only two types of Umpqua Bank certificate of deposit: 180-364 days and 12-17 months. But the Umpqua CD rates are in tiers inside these terms, according to deposit amount.

Minimum deposit to open and maintain is $1,000, but higher deposits can result in higher returns. For $1,000 to $99,999.99 on a 180-364 day term, yields are 0.30% annual percentage yield (APY). For a Jumbo CD ($100,000+), CD rates at Umpqua for this term are 0.50% APY.

On the 12-17 month terms, deposits of $1,000 to $49,999.99 have a return of 0.35% APY which is competitive right now. For $50,000 – $99,999.99 in deposits, this term gives a 0.40% APY. Then for a jumbo deposit of $100,000 or more, Umpqua Bank CD rates are 0.75% APY.

These accounts all come with free online banking, but like most certificate of deposit accounts, they have a penalty for early withdrawal.

Umpqua also offers another type of CD, the Umpqua CD rates in advantage CDs are the same, but have a $5,000 minimum deposit requirement and you must have another Umpqua account to link to (checking or savings). The “advantage” here is in the ability to set up an automatic or periodic deposit directly from another Umpqua account. This means you can use the Advantage account as a sort of personal savings account and certificate of deposit account rolled into one.

Umpqua Bank is, of course, fully FDIC insured.

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